markets. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune in to kaiser report. but in the show we'll get the real headlines with none of the mersey but we live out of washington d.c. fallout from the earthquake in japan you've heard about the physical damage from this massive disaster but we're going to tell you how this could affect the global economy but it's a battle between two media outlets and personalities new york times takes on the huffington post claiming the only one of these two is the king when it comes to media royalty so who's the winner we're going to find out and i do you consider

gays to be second class citizens we'll speak with a man who use of that explanation to get himself out of jury duty and he'll join us to tell us to say why he thinks he isn't considered equal then is joe biden was visiting with russian heads of state and talking about recess national intelligence director james clapper claim that russia and china are mortal threats to the united states so which one is it and we would like to toast our friday with a dose of happy hour or discuss the latest dating sites and there's even one school in florida who is redefining the term hot for teacher details on all that and more in tonight's show but first let's move on to our top story. a catastrophic eight point nine earthquake struck off the coast of japan today followed by a devastating tsunami that battered many regions of the country and officials estimate the thousands are dead and thousands more are missing and throughout the day we've seen devastating pictures of cars being swept off highways by powerful water and people literally running for their lives the biggest damage was to the

port city of sendai the northeastern part of the country and the closest major city to the epicenter japan has also issued a state of emergency over radiation leak in a nuclear plant and it's not only a tragedy for those whose lives have been lost but also could be for japan's future pain economist nouriel roubini said the bizarre earthquake is the worst thing that can happen to japan the worst time and japan has one of the highest debt levels in the industrialized world and predictions are already coming in that this could be one of the costliest earth cost. earthquakes in world history so how would you pan pan and how's it going to affect the global economic recovery here to discuss with us at harrison the founder of the web site credit. and thanks so much for being here tonight now you know obviously it's too soon to really know exactly how this is going to affect anything the earthquake has happened but i think that we can first start to talk about some of the differences right especially if you compare with the earthquake in haiti if you compare earthquakes the massive disasters in

developed vs undeveloped countries in haiti we saw a massive loss when it comes to you know loss of life in these more developed countries like japan is the whole greater on the economic front. you know one percent sure a quick look at is indonesia because of the whole tsunami and we saw two hundred thousand people who died in indonesia a region very close to japan so definitely much more loss of life but the economic toll is going to be very large. if you look at the devastation in terms of loss production but not just loss of lives but the production of the building the roads etc it's going to be the norm. for them to be able to rebuild but some are saying larry summers for example today said that ironically this could also mean more investment because that means that more international firms you know contractors are going to be asked to come in and to rebuild you know it's almost like the broken window syndrome where i just take my rock and i go break

a window and therefore you have to fix the window and that creates g.d.p. i don't buy into that whatsoever i think there's an opportunity cost obviously whenever you have something like this and so it's going to happen is over the short term at a minimum you have lost production. you know people won't be able to go to work roads will be snarled factories will be closed the whole the whole bit now they were in a recession for three months already so you know that's going to be very negative over the short term. over the medium term a lot of the things that summers is talking about is that they're actually true you're going to have a lot of a lot more production in order to get them selves back up to speed but the reality is is that you know there's an opportunity cost to you know they're not going to be able to invest in other places and i think that's going to have a big impact on markets around the world the japanese are huge exporters of capital so when you see them investing a lot in their own society in order to do this that means that they won't have as

much capital to export and we already saw the markets being affected today many of them went down but also what went out is oil prices and is the third largest consumer of oil on the planet after the u.s. and china so it's not almost going to be a good thing to the skyrocketing oil surprises that we've seen lately you know it's early days yet so we can't really say what's going to. i think china is probably the driving force so on the margin yes this could have some impact but i think at the end of the day you know it's what's happening in places like china india brazil that are going to drive prices and of course we're still seeing an arrest in the middle east we're still seeing a day of rage that wasn't quite as rageful as many expected in saudi arabia today but that's different playing in everyone's minds some people are saying now that the japanese could start selling off all their u.s. securities in order to in order to gather more money that might happen i don't mean

they're going to sell off their securities per se just dumping treasuries in order to go back but that's exactly what i was talking about in terms of the capital export is that they have to worry about being able to rebuild their society and that means that they're not going to be exporting capital and that's going to. how might that impact the u.s. it might impact the u.s. by reducing liquidity for the u.s. treasury markets as you indicated at the margin they're not going to be buyers of treasuries as. much as they were before and that's going to have an impact potentially put rates higher now you know we're also saying that how else could japan really pay for this here i was saying earlier that they also have you know one of the highest debts of industrialized nations in the world so we're going to get this money from the business saves a lot and you know they have a huge. current account surplus so japan has the money to pay

for it it's just that that money is going to be no use at home as opposed to abroad and that's one thing i wanted to mention if we switched from japan to what's happening here right now we're having a budget showdown between republicans and democrats a lot of the things that republicans decided to cut in their in their budget actually happens to be the pacific tsunami warning center and here we are having tsunami warnings you know all along the western coast in hawaii were almost a two thousand and twelve i would think that these things. i think it shows you that you know my personal view on the whole budget is that you know now is not the . fiscal austerity you potentially risk a relapse but right there we can see when you start having just taken a hatchet everything you start cutting things that you really don't want to be coming around to thank you very much for joining us and of course like i said it is too soon to really tell how this might affect the economy and global markets but in

the meantime let's hope that everyone does find their family and friends. thanks. now still to come tonight is the game making a second profit isn't here in the u.s. for you to speak of the new york man who got out of jury duty after saying that he couldn't be impartial on the case because he is gay and their future is brewing between the huffington post on the new york times the times claims that it was full of gossip and stonework from real journalists so it's not the case or is this just a battle between you and old media although i think the subject this. so the term. let's not forget that we have an apartheid regime right here. i think. the the one well. we haven't got the it says they're keeping safe get ready because if you give them

your freedom. they charge in here broadcasting live from washington d.c. coming up today on the big picture a. new web site which twenty four seven live streaming news towns like to tell you about the ongoing financial hardship unlimited free high quality videos for download.

and stories you never saw a mainstream news. media so. make the political. posts on are too dumb to say. hey guys welcome to shower and tell me alone a show which parts are just out to say on the topic now i want to hear our audience has gone to you tube the video response wanted to twitter the first part of the questions that we impose on you tube every monday and on thursday the show long response is that we like your voice. today we have another update frankly and infuriating want to bring you on the homeland security is attacked on web sites in the past we told you about how badly ice working the with the department of homeland security has screwed up by taking down the wrong websites leaving up a message accusing innocent sites of child pornography and now they've done it

again this time in efforts to curb copyright infringement on the internet and we explain here a website called channel surfing dot net was set up to link people to other web sites where then they can watch online streams of t.v. shows and sports programs so you get it's a website that's linking you to other web sites where you can watch streaming videos nowhere in there is any mention of downloading books about the issue at hand when i slurred about channel surfing dot net they shut down the site with their typical scary eagle and f.b.i. homeland security warnings and then they arrested the pages owner and charged him with criminal copyright infringement so brian mccarthy is facing up to five years behind bars for charges is that technically speaking don't even apply to him now luckily for mccarthy the group demand progress is standing up for the wrongly accused and they're sending around a petition to get ice to drop their charges and while they're fighting for mccarthy's freedom let's take

a moment to call out ice on how badly they really screwed this one up first of all all the teen it t.v. networks stream their own shows so ice is going to have to explain to me how any other web page doing the same thing makes it illegal i'm a car thief isn't guilty of any kind of copyright infringement unless you count the act of linking a web page which would then mean that anybody who sends a link to another person would be committing a criminal offense and in that case everybody would be guilty of this is just the latest example of ice in the homeland security department overreaching and their attempts at attacking anyone who's threatening hollywood's billion dollar profits it's wrong and once again they've gone too far with this desperate power grab so hopefully efforts to free mccarthy will prove successful and force ice to rewrite their methods of attacking websites and work domains. and the battle has broken out amongst media royalty or at least i'm pretty sure that's the way that both bill keller editor of the new york times and arianna huffington of the huffington post

feel about themselves has turned into quite the comical and snarky tit for tat but let me give you the play by play if you aren't up to speed bill keller released a column in the new york times have which praise how important and influential he is on this great planet of ours all according to forbes vanity fair and even woody allen but more importantly he expressed his distain for aggregators websites the repackage the work of other journalists and then take away revenues that quote might otherwise be directed to the originators of that material in somalia keller wrote that would be called piracy in the media sphere it's a respected business model and according to keller the queen of aggregation is of course arianna huffington whose website offers nothing more than celebrity gossip adorable kitten videos posts from unpaid bloggers and news reports from other publications i'm going to spare you from any more details but basically arianna defended her website she named the awards that her writers have received the

various people that have given them props for their original reporting so who wins this battle well joining me to discuss this story from our studio in new york is media consultant joel silberman thanks so much for joining us tonight now before we get into the greater implications and what this really means for journalism as a whole do you find this as amusing is i do. oh yes a little bit of this really amusing first of all when you talk to bill keller and revenue in the same sentence i think that's what i've used me the most since when is his concern taking away revenues i thought as an editor his concern was editorial but that's just the beginning of how this amuses me these two fighting it out is so ridiculous first of all isn't bill keller the one that we associate with saying yes to judy miller until he said no to judy miller and my right well that's a. good bill keller here is also i think he was trying to be funny i think beginning of the article but it didn't really caught up that way because you know

no no no that didn't work that's probably he starts naming how vanity fair is named one of the fifty most influential people in the world that you know anything he does or doesn't do seems to be an event and he kind of you know criticizes people for being obsessed with media personalities and at the same time the rest of his piece is devoted to attacking another media personality which is arianna huffington well as you know i come from the theaters of me thinks the lady doth protest too much you know i can't help but think mr keller i've asked all of my friends you know who bill keller is and nobody knew wow i guess they don't read the lists. but i'm sure that he would be absolutely heartbroken to hear that but then let's get into you know some of the meat of this story too because bill keller talks arianna huffington for saying that her web site is just fluff that they have you know entertainment news they have videos of cute kittens all make stage with perhaps

a little bit of original reporting and arianna seems to completely ignore that actually you know she only talks about the original reporting and the accolades the journalists that work for her have received but let's be honest there's a lot of fluff there's a lot of entertainment there are a lot of cute kitten videos there. and let's be honest about it huffington post has made their bones in terms of page views and in terms of how popular they are based on culture not necessarily based on politics because politics leads culture i mean culture leads politics politics does not lead culture and arianna knows this and that's why she was so successful that she could do this merger i don't take anything away from her i also don't consider her to be the editorial board of the new york times that's why this is so funny to me so they're both wrong and that's interesting ari on the show deserves a little bit more respect on this one because she's worked very hard it is

a battle of new and old media and the times unfortunately is an old media here and they've been playing catch up ball for a long time two thousand and eight they saw a very badly managed balance sheet and they had a really rough time so they're really fighting about revenues and this is really not about bill keller's pay and this is about the fact that already is eating into the pool and new media is catching up well what do you say about about you know aggregator web sites they just take other people's are i mean presently i think that i have a little bit more of an issue with the fact that arianna huffington has an army of nine thousand unpaid contributors they can write for her not that they might steal someone else's work who is getting paid for that job somewhere else and give it more exposure. i'm not so concerned about the aggregation model or that we're giving exposure i'm like yourself more concerned about the number of people who did not share in the profits of the merger and who wrote now i get it you write for

arianna huffington and you actually are getting that platform and she's giving you a some famous along with that and what the platform does and in exchange you're giving yourself away but she just gave herself away for a lot of money and nobody except her and the staff and i don't know to what extent participated in that so there's a little bit of a disconnect here and certainly if it's the egalitarian left which seems to be moving to the center but let's not talk politics now you mentioned before that perhaps some people you know didn't even know who bill trailer was when you mentioned the name but i'm sure that anybody out there would know the new york times if you mentioned there and bill keller does come off as so self-important but if you look at the way that you know the narrative is shaped in this country whatever the news story might be arianna huffington and bill keller sometimes more powerful than the president himself absolutely and that's the problem with our media culture you and i have discussed this a lot and it's really about the culture of celebrity bill keller is trying to

inject himself into a culture of celebrity by talking about his vanity fair list or his forbes list already on his already in the culture of celebrity she's a regular on all of the talk show circuit and it's already on his name it's not called the x y z post it's the huffington post and she knows that and she knows what she's selling really bill keller is the come from behind position if you can imagine that for the new york times which is a brand but not a brand in the layer goal of personalities the new york times speaks through words not through individual personalities and we're in celebrity land. argile want to thank you very much for joining us and i think that you and i are in agreement here that i think both sides blew you know what could have been a broader argument about where journalism was going today really just turned into a tit for tat between the media royalty as they like to call themselves thanks so much thank you. a newly elected tea party member in new hampshire is made

a few comments that are so politically correct you see one of the newest members of the state house is ninety one year old martin hardy elected into office with the help from the tea party and yes he is a freshman and he is ninety one years old now even though hardy is probably about forty years older than your typical freshman state politician he clearly knows how to stir things up tea party style when hardy received an e-mail from a concerned constituent over a budget cut proposal to take money for mental health services his response was really surprising and really really really horrible hardy not only thought that it was acceptable to cut the mental health budget but he also replied with the following comment. to populated already defective people. full disclosure we do not know for sure what harvey's voice sounds like that's just a reenactment but clearly this world war two veteran has a different viewpoint than most people today when it comes to health care but when

he took his commentary one step further that's when my trial really dropped. i wish we never shared earlier sure we could ship them all off to for each to get die and clean up the population. ship them to siberia is this guy ok and ahead of me just for the record when the state legislator was confronted by the media about those statements he didn't apologize in fact he went on to say that at his age he should be allowed to say whatever he thinks no matter what the topic is i'm sorry but just because you're ninety one that doesn't give you a pass on everything and here's another interesting tidbit to add to this general story in a recent interview with the concord monitor hardy admitted that he sometimes has no clue what he's doing he also says that the first few times he voted he didn't know exactly what he was voting on while let me take of all of it to address the tea party members in new hampshire who allege that this man into office what were you

thinking let's be honest and i do one year old is going to have a much different viewpoint when it comes to politics than say a forty or fifty year old not to mention he may not have any idea about what's going on around here i know you guys are all about being conservative but i think there should be some sort of an age cutoff and this is his response when it comes to mental health i just cannot wait to see what his opinions are on other topics like women's health or gay rights but if we do hear them be sure that we will have another voice over by someone who we think we might sound like party so we go tea party you're really know how to pick up. let's face it. vigils are second class citizens in this country they're expected to pay taxes to do jury duty and in most states same sex marriage is not allowed and currently a heated debate is taking place on capitol hill over the defense of marriage act that federally bans same sex marriage recognition now one new yorker jonathan the

love it says challenge his civic duties based on the systems and qualities while being considered for jury duty when the question came up of who could not be impartial lovett's raised his hand and said since i can't get married or adopt a child in the state of new york i can't possibly be an impartial judge of a citizen when i'm considered a second class one in the eyes of its justice system now leavitt's not only got himself out of jury duty but he's also combinations attention he's one of the stars of an upcoming series on logo called site up squat and he joins me from our studio in new york now jonathan thanks so much for joining us now tell me the truth did you plan to make this political statement ahead of time when you were going and being selected for jury duty or just trying to get. well thanks so much for having me i really wish i had the wherewithal to plan this ahead of time honestly i was shaking out of my skin when they asked but it was just what my gut told me to say

it was the first thing they came to mind and after i said it i almost couldn't believe it but the room around me was thrilled that i had they gave me several dozen people gave me high fives and handshakes what it was all over of course were some of the reactions but that was to be expected but it was really quite pleased with how that turned out and everything that's come with it what were some of those other reactions that people that weren't congratulating you know. well there was a requisite a rolls and that sort of thing but i can't i can't begin to tell you how positive the reaction has been i mean this story got picked up from a simple post i put on facebook and it went around the world in a day a friend of mine who owns justin plus one doc a great rod put it out there just for fun and within hours it had gone international i have now received it sent back to me in several different languages full of comments from people around the world saying that this is the right stance and this is the next big movement that we all need to take

a part of now have you done any you know political action in the past or you know it was this your first time. this is my first time doing anything really like this i've always been a supporter of equality and gay rights across the board but something i've come to realize is it's very easy to applaud and cheer in a room full of people that understand you like minded people are like minded for a reason it's when you have the attention of a roomful of people who don't share your views that you can really start a dialogue that can lead to some serious change and that's what i think is starting to happen i've heard from several people now that this is becoming a trend there are others who are now saying what i have said while being in the jury selection pool and it's working it's getting the attention of the justice system and we can only hope that that spreads to legislators and they realize we're not going to sit by idly while you continue to relegate us to second class citizen status now same sex marriage is now has has been allowed in

a number of states but it's still nowhere near being politically accepted in the country as a whole and even the obama administration you know even though this president now has said that they won't defend the defense of marriage act any longer mama himself hasn't really come out and made a strong stance on same sex marriage so how does that make you feel you know when even the president himself won't support gay rights all the way. it's disappointing that our president hasn't come out fully in support of gay rights he's making he's made phenomenal strides forward and we can really appreciate what he has done in asking the justice department to stop the spending cases that are currently pending and going forward what more is required and there are people who i'm sure are going to be very disappointed with hearing that but the status quo isn't working progress is needed change is needed it's two thousand and eleven the time for equality is right now you know one of the arguments that we so often hear too when it comes to

opposing same sex marriage are are those family values and republicans that talk about the sanctity of marriage and yet so many of these people have been married numerous times so many of them have a long list of infidelities. on their records and a couple of them are even going to be running for president now in two thousand and twelve do you think that's a little bit hypocritical. do we expect anything less i mean hypocrisy just seems inherent on that side of the argument but that's part of the thought of all of this back and that should absolutely play into the dialogue i have received countless e-mails in the past week from couples around the world who have said you have given us a voice you have stood up and said what we wish we could have said twenty years ago and i received an email this morning from meds that he and his partner have been together for thirty five years and have never really sought out a desire to be activists but now they feel like they should and i can only hope

that when election season comes around more people feel that way and get out in front of the hypocrisy of the other side when they want to throw down moral judgments against marriage equality when we all know how unbelievably they have acted in their own marriages now i know that i hear an actor you have a new show coming out and you've also just got a huge boost in your celebrity status thanks to this story so are you going to use that to you know be more politically active or are you going to make it second class citizen t. shirts with your face on them now. you think i would sell. i'm so honored with the amount of people who have encouraged me to continue pushing forward with activist work i never set out to be one i just a young gay man who saw some inequality in the state and the country and said sorry i can't sit idly by for this anymore and i am thrilled to see so many people joining me and wanting to take the next step forward towards equality i want to

thank you very much for joining us telling us about your story and i like those names now i quit your day well thank you so much for having me thanks. so to come on tonight's show jan brewer has another awkward moment of silence in public or to show you the latest embarrassing gaffe inside schools i'm segment and sending that makes the messages us guys president joe biden has been in moscow praising russia while another u.s. official makes comments that sound like the days of the cold war so what's with the mixed message just more on that in just a moment. what drives the world of fear mongering used by politicians who makes decisions to break through and maybe who can you trust no one who is your view with the local machinery see where we had it state controlled capitalism is called sessions when.